Otis' 'Green' Elevators Selected for Prominent Commercial Developments in Russia

Otis' 'Green' Elevators Selected for Prominent Commercial Developments in Russia

July 11, 2007

    FARMINGTON, Conn., July 11 /Xinhua-PRNewswire/ -- Otis
Elevator Company, a unit of United Technologies Corp.
(NYSE: UTX), was awarded contracts for three large
commercial projects in Russia: the Auchan hypermarket in
Moscow, the Metropolis office and shopping mall complex,
also in Moscow, and the Sony Trade Centre in Yekaterinburg.

    "We are pleased that Otis elevator systems were
selected for these developments in one of the largest and
fastest growing markets in the world," said Otis
President Ari Bousbib. "Otis' Gen2(R) elevators will
provide energy savings and environmental benefits to our
customers for years to come."

    The Gen2 elevator's patented coated-steel flat-belt
drive system technology and gearless machine do not require
lubrication, making the system cleaner for the environment.
In addition, it's gearless, permanent-magnet machine
consumes half the energy of conventional geared machines.

    For the Metropolis project, Otis will provide 75 units
including 49 Gen2 elevators, 24 escalators and two moving
walkways. When completed, the project will comprise two
office buildings, a shopping mall and parking garage
located in northern Moscow along the main highway
connecting downtown Moscow with the Sheremetyevo-2 Airport.

    For the Sony Trade Centre, Otis will provide 10
elevators, eight of which are Otis' Gen2 systems. This
retail center will be located in Yekaterinburg, located
1,667 km (1,036 miles) east of Moscow.

    Otis will also install 57 moving walkways, escalators
and elevators for the Auchan hypermarket in southwest
Moscow. Auchan, a French retail multinational company, has
worked on other projects with Otis. Currently, Otis is
completing an installation at another Auchan hypermarket in
Moscow's Sokolniki District.

    "Otis' experience and wide product range allow us
to apply unique solutions for equipping our shopping
centers," said Stefan Vanuchi, director of investments
for the Auchan chain in Russia.

    Otis Elevator Company is the world's largest
manufacturer and maintainer of people-moving products
including elevators, escalators and moving walkways. With
headquarters in Farmington, Connecticut, Otis employs
61,000 people, offers products and services in more than
200 countries and territories and maintains 1.5 million
elevators and escalators worldwide. United Technologies
Corp., based in Hartford, Connecticut, is a diversified
company providing high technology products and services to
the building and aerospace industries.


    For more information, please contact: 

    Tizz Weber Director
    Communications of Otis Elevator Company
    Tel:   [phone]
    Email: [e-mail]